T.ROWE PRICE ASSOCIATES, INC.

February 28, 2017

The T. Rowe Price Funds

100 East Pratt Street

Baltimore, Maryland  21202

Ladiesand Gentlemen:

In connection with the Fund Accounting Agreement (the “BNY Agreement”), effective as of August 1, 2015 (the “Effective Date”), by and between each investment company listed onExhibit A attached hereto (each, a “Company”),on behalf of itself or, where noted on Exhibit A, on behalf of its Series (as defined therein), severallyand not jointly (each Company and/or Series a “Fund”,and collectively the “Funds”), T.Rowe Price Associates, Inc., solely with respect to Section 3(c) thereof (“TRP”), and The Bank of New York Mellon, a New York banking organization(“BNY Mellon”), TRP and the Fundsdesire to enter into this letter agreement (this “Agreement”).This Agreement supersedes the letter agreement dated August 1, 2015, as amended November 3, 2015, April18, 2016, July 19, 2016, August 1, 2016 and October 25, 2016, between TRP and the Funds.  Defined termsused and not otherwise defined in this Agreement shall have the meanings ascribed to them in the BNYAgreement.

TRPand the Funds hereby agree that in the event that the BNY Agreement is terminated pursuant to Section10(c)(v) thereof because the conversion of all of the services from TRP’s systems to BNY Mellon’ssystems is not substantially completed by the date that is three (3) years from the Effective Date, then,to the extent the failure to substantially complete the conversion is caused by TRP, the Funds shallbe entitled to recover damages from TRP (including the recovery of platform fees previously charged tothe Funds pursuant to the BNY Agreement) and be reimbursed for Costs and Expenses from TRP to the extentsuch failure was caused by TRP.  

This Agreement shall be construed in accordance with the laws ofthe State of New York, without regard to conflict of laws principles thereof.  Each party hereby consentsto the jurisdiction of a state or federal court situated in New York City, New York in connection withany dispute arising hereunder.

This Agreement may not be amended, changed or modified in any manner except by a writtenagreement executed by TRP and the Fund to be bound thereby, and authorized or approved by such Fund’sBoard.

ThisAgreement may be executed in any number of counterparts, each of which shall be deemed to be an original,but such counterparts together shall constitute only one instrument.

Ifyou are in agreement with the terms set forth above, please sign in the space provided below and returnan executed copy to us.

Very truly yours,

|                           |
|--------------------------------|
| T. ROWE PRICE ASSOCIATES, INC. |
| By:      /s/David Oestreicher  |
| Name: David Oestreicher        |
| Title: Vice President          |

     

  

|                                                                                    |
|-----------------------------------------------------------------------------------------|
| AGREED AND ACCEPTED:                                                                    |
| By:/s/Darrell Braman

on behalf of each Fund 

identified on Exhibit A

attached hereto |
| Name:Darrell Braman                                                                     |
| Title: Secretary of the Funds                                                           |

       

EXHIBIT A

Listof Funds/Portfolios

|                                               |                                              |                 |                 |
|----------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                            | Reference ID                                      | EntityType           |
| ‘40Act Registered Funds                  |                                              |                 |
| T.Rowe Price Balanced Fund, Inc.                   | BAL                                               | Mutual Fund - Parent |
| T. Rowe Price Blue Chip GrowthFund, Inc.           | BCG                                               | Mutual Fund - Parent |
| T. Rowe Price California Tax-FreeIncome Trust      | CAT                                               | Mutual Fund - Parent |
|                                               | California Tax-Free Bond Fund                     | CAB                  | Mutual Fund - Series |
|                                               | California Tax-Free Money Fund                    | CAM                  | Mutual Fund - Series |
| T.Rowe Price Capital Appreciation Fund             | CAF                                               | Mutual Fund - Parent |
| T.Rowe Price Capital Opportunity Fund, Inc.        | COF                                               | Mutual Fund - Parent |
| T.Rowe Price Corporate Income Fund, Inc.           | CIF                                               | Mutual Fund - Parent |
| T.Rowe Price Credit Opportunities Fund, Inc.       | CRO                                               | Mutual Fund - Parent |
| T.Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG                                               | Mutual Fund          |
| T.Rowe Price Dividend Growth Fund, Inc.            | DGF                                               | Mutual Fund - Parent |
| T.Rowe Price Equity Income Fund                    | EIF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Series,Inc.                   | EQS                                               | Mutual Fund - Parent |
|                                               | T. Rowe Price Blue Chip Growth Portfolio          | BCP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Equity Income Portfolio             | EIP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Equity Index 500 Portfolio          | EXP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Health Sciences Portfolio           | HSP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Mid-Cap Growth Portfolio            | MGP                  | Mutual Fund - Series |
|                                               | T. Rowe Price New America Growth Portfolio        | NAP                  | MutualFund - Series  |
|                                               | T. Rowe Price Personal StrategyBalanced Portfolio | PSP                  | Mutual Fund - Series |
| T. Rowe Price Financial Services Fund, Inc.        | FSF                                               | Mutual Fund - Parent |

|                                              |                                                  |                 |                 |
|---------------------------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                           | Reference ID                                          | EntityType           |
| T. Rowe Price Fixed Income Series, Inc.           | FIS                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price Government Money Portfolio              | PRP                  | Mutual Fund - Series |
|                                              | T. Rowe Price Limited-Term Bond Portfolio             | LTP                  | MutualFund - Series  |
| T. Rowe Price Floating Rate Fund, Inc.            | FRI                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Allocation Fund, Inc.         | GAF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Multi-Sector Bond Fund, Inc.  | SNF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Real Estate Fund, Inc.        | GRE                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Technology Fund, Inc.         | GTF                                                   | Mutual Fund - Parent |
| T.Rowe Price GNMA Fund                            | GMA                                                   | Mutual Fund          |
| T. Rowe Price Government Money Fund,Inc.          | PRF                                                   | Mutual Fund          |
| T. Rowe Price Growth & IncomeFund, Inc.       | GIF                                                   | Mutual Fund - Parent |
| T. Rowe Price Growth Stock Fund,Inc.              | GSF                                                   | Mutual Fund - Parent |
| T. Rowe Price Health SciencesFund, Inc.           | HSF                                                   | Mutual Fund - Parent |
| T. Rowe Price High Yield Fund,Inc.                | HYF                                                   | Mutual Fund - Parent |
| T. Rowe Price Index Trust, Inc.                   | INDX                                                  | Mutual Fund - Parent |
|                                              | T.Rowe Price Equity Index 500 Fund                    | EXF                  | Mutual Fund - Series |
|                                              | T. Rowe Price Extended Equity Market Index Fund       | XMX                  | MutualFund - Series  |
|                                              | T. Rowe Price Mid-Cap Index Fund                      | MCX                  | Mutual Fund - Series |
|                                              | T.Rowe Price Small-Cap Index Fund                     | SCX                  | Mutual Fund - Series |
|                                              | T. Rowe Price Total Equity Market Index Fund          | TMX                  | MutualFund - Series  |
| T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB                                                   | MutualFund - Parent  |
| T. Rowe Price Institutional Equity Funds, Inc.    | IEF                                                   | MutualFund - Parent  |
|                                              | T. Rowe Price Institutional Large-CapCore Growth Fund | LCC                  | Mutual Fund - Series |
|                                              | T. Rowe Price Institutional Large-Cap Growth Fund     | LCG                  | MutualFund - Series  |
|                                              | T.Rowe Price Institutional Large-Cap Value Fund       | LCV                  | Mutual Fund - Series |

|                                                      |                                                              |                 |                 |
|-----------------------------------------------------------|-------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                   | Reference ID                                                      | EntityType           |
|                                                      | T. Rowe Price Institutional Mid-CapEquity Growth Fund             | MCE                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Small-Cap Stock Fund                  | SCI                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional U.S.Structured Research Fund          | IRF                  | Mutual Fund - Series |
| T. Rowe Price Institutional IncomeFunds, Inc.             | IINCF                                                             | Mutual Fund - Parent |
|                                                      | T. Rowe Price Institutional Cash Reserves Fund                    | ICM                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional CorePlus Fund                         | ICP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Credit Opportunities Fund             | ICO                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional FloatingRate Fund                     | IFR                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Global Multi-Sector Bond Fund         | IGM                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional HighYield Fund                        | HYI                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Long Duration Credit Fund             | LDC                  | MutualFund - Series  |
| T. Rowe Price Institutional International Funds, Inc.     | IIF                                                               | MutualFund - Parent  |
|                                                      | T. Rowe Price Institutional Africa& Middle East Fund          | IAM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Emerging Markets Bond Fund            | IEB                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional EmergingMarkets Equity Fund           | IEM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Frontier Markets Equity Fund          | IFM                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional GlobalFocused Growth Equity Fund      | IGE                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Global Growth Equity Fund             | IGL                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional GlobalValue Equity Fund               | IGV                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional International Bond Fund               | IIB                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional InternationalConcentrated Equity Fund | ICE                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional International Core Equity Fund        | IIC                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional InternationalGrowth Equity Fund       | FEF                  | Mutual Fund - Series |
| T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF                                                               | Mutual Fund - Parent |

|                                    |                                                   |                 |                 |
|-----------------------------------------|--------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                 | Reference ID                                           | EntityType           |
| T. Rowe Price International Funds, Inc. | PIF                                                    | Mutual Fund - Parent |
|                                    | T. Rowe Price Africa & Middle East Fund            | AME                  | MutualFund - Series  |
|                                    | T. Rowe Price Asia OpportunitiesFund                   | AOF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Europe Fund                     | EEM                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Bond Fund               | EMB                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Corporate Bond Fund     | EMC                  | MutualFund - Series  |
|                                    | T. Rowe Price Emerging MarketsLocal Currency Bond Fund | EML                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Stock Fund              | EMS                  | MutualFund - Series  |
|                                    | T. Rowe Price Emerging MarketsValue Stock Fund         | EMV                  | Mutual Fund - Series |
|                                    | T. Rowe Price European Stock Fund                      | ESF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Consumer Fund                     | GCF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Growth Stock Fund                 | GLE                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global High Income Bond Fund             | GHI                  | MutualFund - Series  |
|                                    | T. Rowe Price Global IndustrialsFund                   | IND                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Stock Fund                        | GLS                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Unconstrained Bond Fund           | GUN                  | MutualFund - Series  |
|                                    | T. Rowe Price Growth & IncomeFund                  | GIF                  | Mutual Fund - Parent |
|                                    | T. Rowe Price International Bond Fund                  | IBF                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Concentrated Equity Fund   | ICN                  | MutualFund - Series  |
|                                    | T. Rowe Price International DiscoveryFund              | IDF                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Growth & Income Fund   | IGI                  | MutualFund - Series  |
|                                    | T. Rowe Price International StockFund                  | ISF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Japan Fund                               | JAF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Latin America Fund                       | LAM                  | Mutual Fund - Series |
|                                    | T.Rowe Price New Asia Fund                             | NAS                  | Mutual Fund - Series |

|                                                               |                                                                    |                 |                 |
|--------------------------------------------------------------------|-------------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                            | Reference ID                                                            | EntityType           |
|                                                               | T. Rowe Price Overseas StockFund                                        | OSF                  | Mutual Fund - Series |
| T. Rowe Price International IndexFund, Inc.                        | IIXF                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Equity Index Fund                           | IXF                  | MutualFund - Series  |
| T. Rowe Price International Series, Inc.                           | INS                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Stock Portfolio                             | ISP                  | MutualFund - Series  |
| T. Rowe Price Limited Duration Inflation Focused Bond 

Fund, Inc. | STI                                                                     | MutualFund - Parent  |
| T. Rowe Price Media & Telecommunications Fund, Inc.            | MTF                                                                     | MutualFund - Parent  |
| T. Rowe Price Mid-Cap Growth Fund, Inc.                            | MCG                                                                     | Mutual Fund - Parent |
| T.Rowe Price Mid-Cap Value Fund, Inc.                              | MCV                                                                     | Mutual Fund - Parent |
| T.Rowe Price Multi-Sector Account Portfolios, Inc.                 | MAPS                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS                  | Mutual Fund - Series |
|                                                               | T.Rowe Price Emerging Markets Local Multi-Sector Account Portfolio      | ELS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Floating Rate Multi-SectorAccount Portfolio               | FRS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price High Yield Multi-Sector Account Portfolio                 | HYS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Investment-GradeCorporate Multi-Sector Account Portfolio  | IGS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS                  | Mutual Fund - Series |
| T. Rowe Price New America Growth Fund                              | NAG                                                                     | MutualFund - Parent  |
| T. Rowe Price New Era Fund, Inc.                                   | NEF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Horizons Fund, Inc.                               | NHF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Income Fund, Inc.                                 | NIF                                                                     | Mutual Fund - Parent |
| T.Rowe Price Personal Strategy Funds, Inc.                         | PER                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price Personal Strategy Balanced Fund                           | PSB                  | MutualFund - Series  |
|                                                               | T.Rowe Price Personal Strategy Growth Fund                              | PSG                  | Mutual Fund - Series |

|                                             |                                                      |                 |                 |
|--------------------------------------------------|-----------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                          | Reference ID                                              | EntityType           |
|                                             | T. Rowe Price Personal StrategyIncome Fund                | PSI                  | Mutual Fund - Series |
| T. Rowe Price Quantitative ManagementFunds, Inc. | QUANT                                                     | Mutual Fund - Parent |
|                                             | T. Rowe Price QM Global Equity Fund                       | QGE                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Small-Cap Growth Equity Fund        | DSG                  | MutualFund - Series  |
|                                             | T. Rowe Price QM U.S. Small &Mid-Cap Core Equity Fund | QSM                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Value Equity Fund                   | QMV                  | Mutual Fund - Series |
| T.Rowe Price Real Assets Fund, Inc.              | RAF                                                       | Mutual Fund - Parent |
| T.Rowe Price Real Estate Fund, Inc.              | REF                                                       | Mutual Fund - Parent |
| T.Rowe Price Reserve Investment Funds, Inc.      | RESFDS                                                    | Mutual Fund - Parent |
|                                             | T. Rowe Price Government Reserve Fund                     | RES                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Government Fund                  | GRI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Fund                             | REI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Treasury Reserve Fund                       | GRS                  | Mutual Fund - Series |
| T.Rowe Price Science & Technology Fund, Inc. | STF                                                       | Mutual Fund - Parent |
| T.Rowe Price Short-Term Bond Fund, Inc.          | STB                                                       | Mutual Fund - Parent |
|                                             | T. Rowe Price Ultra Short-Term Bond Fund                  | SBF                  | Mutual Fund - Series |
| T.Rowe Price Small-Cap Stock Fund, Inc.          | SCS                                                       | Mutual Fund - Parent |
| T.Rowe Price Small-Cap Value Fund, Inc.          | SCV                                                       | Mutual Fund - Parent |
| T.Rowe Price State Tax-Free Income Trust         | STT                                                       | Mutual Fund - Parent |
|                                             | Georgia Tax-Free Bond Fund                                | GAB                  | Mutual Fund - Series |
|                                             | Maryland Short-Term Tax-Free Bond Fund                    | MDS                  | Mutual Fund - Series |
|                                             | Maryland Tax-Free Bond Fund                               | MDB                  | Mutual Fund - Series |
|                                             | Maryland Tax-Free Money Fund                              | MDM                  | Mutual Fund - Series |
|                                             | New Jersey Tax-Free Bond Fund                             | NJB                  | Mutual Fund - Series |
|                                             | NewYork Tax-Free Bond Fund                                | NYB                  | Mutual Fund - Series |

|                                                |                                              |                 |                 |
|-----------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                             | Reference ID                                      | EntityType           |
|                                                | New York Tax-Free Money Fund                      | NYM                  | Mutual Fund - Series |
|                                                | VirginiaTax-Free Bond Fund                        | VAB                  | Mutual Fund - Series |
| T. Rowe Price Summit Funds, Inc.                    | SIF                                               | Mutual Fund - Parent |
|                                                | T.Rowe Price Cash Reserves Fund                   | SCR                  | Mutual Fund - Series |
| T. Rowe Price Summit MunicipalFunds, Inc.           | SMF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Municipal Income Fund        | SMI                  | MutualFund - Series  |
|                                                | T. Rowe Price Summit MunicipalIntermediate Fund   | SMT                  | Mutual Fund - Series |
|                                                | T. Rowe Price Summit Municipal Money Market Fund  | SMM                  | MutualFund - Series  |
| T. Rowe Price Tax-Efficient Funds, Inc.             | TEF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Efficient Equity Fund           | TMC                  | Mutual Fund - Series |
| T.Rowe Price Tax-Exempt Money Fund, Inc.            | TEM                                               | Mutual Fund          |
| T.Rowe Price Tax-Free High Yield Fund, Inc.         | TFH                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Income Fund, Inc.             | TFI                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Free Ultra Short-Term Bond Fund | TUS                  | MutualFund - Series  |
| T. Rowe Price Total Return Fund, Inc.               | TTF                                               | Mutual Fund - Parent |
| T.Rowe Price U.S. Bond Enhanced Index Fund, Inc.    | UBX                                               | Mutual Fund          |
| T.Rowe Price U.S. Large-Cap Core Fund, Inc.         | LCF                                               | Mutual Fund - Parent |
| T.Rowe Price U.S. Treasury Funds, Inc.              | USTF                                              | Mutual Fund - Parent |
|                                                | U.S. Treasury Intermediate Fund                   | USI                  | Mutual Fund - Series |
|                                                | U.S. Treasury Long-Term Fund                      | USL                  | Mutual Fund - Series |
|                                                | U.S. Treasury Money Fund                          | UST                  | Mutual Fund - Series |
| T.Rowe Price Value Fund, Inc.                       | VAL                                               | Mutual Fund - Parent |
| '40 Act Registered Fund of Funds                    |
| T. Rowe Price Retirement Funds,Inc.                 | RDF                                               | Mutual Fund - Parent |

|                    |                                              |       |                 |
|-------------------------|---------------------------------------------------|------------|----------------------|
| Mutual Fund Entity Name | Reference ID                                      | EntityType |
|                    | T. Rowe Price Retirement 2005Fund                 | RPJ        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2010 Fund                | RPA        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2015 Fund                | RPG        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2020 Fund                | RPB        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2025 Fund                | RPH        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2030 Fund                | RPC        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2035 Fund                | RPI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2040 Fund                | RPD        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2045 Fund                | RPK        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2050 Fund                | RPL        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2055 Fund                | RPM        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2060 Fund                | RPN        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Balanced Fund            | RPE        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2005 Fund—I Class | RBI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2010Fund—I Class  | RCI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2015 Fund—I Class | RDI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2020Fund—I Class  | RFI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2025 Fund—I Class | RGI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2030Fund—I Class  | RHI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2035 Fund—I Class | RII        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2040Fund—I Class  | RJI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2045 Fund—I Class | RKI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2050Fund—I Class  | RMI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2055 Fund—I Class | RNI        | MutualFund - Series  |
|                    | T.Rowe Price Retirement I 2060 Fund—I Class  | ROI        | Mutual Fund - Series |

|                             |                                                 |                 |                 |
|----------------------------------|------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name          | Reference ID                                         | EntityType           |
|                             | T. Rowe Price Retirement BalancedI Fund—I Class | RQI                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2005 Fund                       | TRA                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2010 Fund                       | TRB                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2015 Fund                       | TRC                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2020 Fund                       | TRD                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2025 Fund                       | TRE                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2030 Fund                       | TRG                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2035 Fund                       | TRH                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2040 Fund                       | TRJ                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2045 Fund                       | TRL                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2050 Fund                       | TRM                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2055 Fund                       | TRN                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2060 Fund                       | TRO                  | Mutual Fund - Series |
| T.Rowe Price Spectrum Fund, Inc. | SPC                                                  | Mutual Fund - Parent |
|                             | Spectrum Growth Fund                                 | SPG                  | Mutual Fund - Series |
|                             | Spectrum Income Fund                                 | SPI                  | Mutual Fund - Series |
|                             | SpectrumInternational Fund                           | SPF                  | Mutual Fund - Series |

T.ROWE PRICE ASSOCIATES, INC.

April 18, 2017

The T. Rowe Price Funds

100 East Pratt Street

Baltimore, Maryland  21202

Subject: Amendment No. 1 to the Agreement dated April 18, 2017

Ladiesand Gentlemen:

Reference is made to the letter agreement dated February 28, 2017 (“Agreement”) by and between each investment company listed on ExhibitA attached to the Agreement (each, a “Company”),on behalf of itself or, where noted on Exhibit A, on behalf of its Series (as defined therein), severallyand not jointly (each Company and/or Series a “Fund”,and collectively the “Funds”) andT. Rowe Price Associates, Inc. (“TRP”).The Agreement was made in connection with the Fund Accounting Agreement (the “BNY Agreement”), effective as of February 28, 2017 (the “Effective Date”), as amended April 18, 2017 by and between each Fundlisted on Exhibit A attached to the Agreement, severally and not jointly, TRP, solely with respect toSection 3(c) thereof, and The Bank of New York Mellon, a New York banking organization (“BNY Mellon”). 

TRP and the Funds hereby amend the Agreementby replacing Exhibit A, in its entirety, with amended Exhibit A, attached hereto as Attachment A. TRPand the Funds further amend the agreement such that all references to the “Fund” or the “Funds”also includes any T. Rowe Price Funds that may be established after the execution of the Agreement.

Ifthere is any inconsistency between the terms of this Amendment and the Agreement, the terms of this Amendmentwill govern. Defined terms used and not otherwise defined in this Amendment shall have the meanings ascribedto them in the Agreement. Except as specifically and only to the extent modified by this Amendment, allof the terms and provisions of the Agreement and the Fund Accounting Agreement shall continue to remainin full force and effect.

[Remainder of page intentionally left blank.]

If you are in agreement with the terms set forth above, please sign in the spaceprovided below and return an executed copy to us.

Very truly yours,

|                           |
|--------------------------------|
| T. ROWE PRICE ASSOCIATES, INC. |
| By:      /s/David Oestreicher  |
| Name: David Oestreicher        |
| Title: Vice President          |

     

  

|                                                                                    |
|-----------------------------------------------------------------------------------------|
| AGREED AND ACCEPTED:                                                                    |
| By:/s/Darrell Braman

on behalf of each Fund 

identified on Exhibit A

attached hereto |
| Name:Darrell Braman                                                                     |
| Title: Secretary of the Funds                                                           |

       

ATTACHMENTA

AmendedExhibit A

|                                               |                                              |                 |                 |
|----------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                            | Reference ID                                      | EntityType           |
| ‘40Act Registered Funds                  |                                              |                 |
| T.Rowe Price Balanced Fund, Inc.                   | BAL                                               | Mutual Fund - Parent |
| T. Rowe Price Blue Chip GrowthFund, Inc.           | BCG                                               | Mutual Fund - Parent |
| T. Rowe Price California Tax-FreeIncome Trust      | CAT                                               | Mutual Fund - Parent |
|                                               | California Tax-Free Bond Fund                     | CAB                  | Mutual Fund - Series |
|                                               | California Tax-Free Money Fund                    | CAM                  | Mutual Fund - Series |
| T.Rowe Price Capital Appreciation Fund             | CAF                                               | Mutual Fund - Parent |
| T.Rowe Price Capital Opportunity Fund, Inc.        | COF                                               | Mutual Fund - Parent |
| T.Rowe Price Corporate Income Fund, Inc.           | CIF                                               | Mutual Fund - Parent |
| T.Rowe Price Credit Opportunities Fund, Inc.       | CRO                                               | Mutual Fund - Parent |
| T.Rowe Price Diversified Mid-Cap Growth Fund, Inc. | DMG                                               | Mutual Fund - Parent |
| T.Rowe Price Dividend Growth Fund, Inc.            | DGF                                               | Mutual Fund - Parent |
| T.Rowe Price Equity Income Fund                    | EIF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Series,Inc.                   | EQS                                               | Mutual Fund - Parent |
|                                               | T. Rowe Price Blue Chip Growth Portfolio          | BCP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Equity Income Portfolio             | EIP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Equity Index 500 Portfolio          | EXP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Health Sciences Portfolio           | HSP                  | Mutual Fund - Series |
|                                               | T. Rowe Price Mid-Cap Growth Portfolio            | MGP                  | Mutual Fund - Series |
|                                               | T. Rowe Price New America Growth Portfolio        | NAP                  | MutualFund - Series  |
|                                               | T. Rowe Price Personal StrategyBalanced Portfolio | PSP                  | Mutual Fund - Series |
| T. Rowe Price Financial Services Fund, Inc.        | FSF                                               | Mutual Fund - Parent |

|                                              |                                                  |                 |                 |
|---------------------------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                           | Reference ID                                          | EntityType           |
| T. Rowe Price Fixed Income Series, Inc.           | FIS                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price Government Money Portfolio              | PRP                  | Mutual Fund - Series |
|                                              | T. Rowe Price Limited-Term Bond Portfolio             | LTP                  | MutualFund - Series  |
| T. Rowe Price Floating Rate Fund, Inc.            | FRI                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Allocation Fund, Inc.         | GAF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Multi-Sector Bond Fund, Inc.  | SNF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Real Estate Fund, Inc.        | GRE                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Technology Fund, Inc.         | GTF                                                   | Mutual Fund - Parent |
| T.Rowe Price GNMA Fund                            | GMA                                                   | Mutual Fund - Parent |
| T. Rowe Price Government Money Fund,Inc.          | PRF                                                   | Mutual Fund - Parent |
| T. Rowe Price Growth & Income Fund, Inc.      | GIF                                                   | Mutual Fund - Parent |
| T. Rowe Price Growth Stock Fund,Inc.              | GSF                                                   | Mutual Fund - Parent |
| T. Rowe Price Health SciencesFund, Inc.           | HSF                                                   | Mutual Fund - Parent |
| T. Rowe Price High Yield Fund,Inc.                | HYF                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price U.S. High Yield Fund                    | UHY                  | Mutual Fund - Series |
| T.Rowe Price Index Trust, Inc.                    | INDX                                                  | Mutual Fund - Parent |
|                                              | T. Rowe Price Equity Index 500 Fund                   | EXF                  | Mutual Fund - Series |
|                                              | T. Rowe Price Extended Equity Market Index Fund       | XMX                  | MutualFund - Series  |
|                                              | T. Rowe Price Mid-Cap Index Fund                      | MCX                  | Mutual Fund - Series |
|                                              | T.Rowe Price Small-Cap Index Fund                     | SCX                  | Mutual Fund - Series |
|                                              | T. Rowe Price Total Equity Market Index Fund          | TMX                  | MutualFund - Series  |
| T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB                                                   | MutualFund - Parent  |
| T. Rowe Price Institutional Equity Funds, Inc.    | IEF                                                   | MutualFund - Parent  |
|                                              | T. Rowe Price Institutional Large-CapCore Growth Fund | LCC                  | Mutual Fund - Series |
|                                              | T. Rowe Price Institutional Large-CapGrowth Fund      | LCG                  | Mutual Fund - Series |

|                                                     |                                                               |                 |                 |
|----------------------------------------------------------|--------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                  | Reference ID                                                       | EntityType           |
|                                                     | T. Rowe Price Institutional Large-CapValue Fund                    | LCV                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Mid-Cap Equity Growth Fund             | MCE                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional Small-CapStock Fund                    | SCI                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional U.S. Structured Research Fund          | IRF                  | MutualFund - Series  |
| T. Rowe Price Institutional Income Funds, Inc.           | IINCF                                                              | MutualFund - Parent  |
|                                                     | T. Rowe Price Institutional CashReserves Fund                      | ICM                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Core Plus Fund                         | ICP                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional CreditOpportunities Fund               | ICO                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Floating Rate Fund                     | IFR                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional GlobalMulti-Sector Bond Fund           | IGM                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional High Yield Fund                        | HYI                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional LongDuration Credit Fund               | LDC                  | Mutual Fund - Series |
| T. Rowe Price Institutional InternationalFunds, Inc.     | IIF                                                                | Mutual Fund - Parent |
|                                                     | T. Rowe Price Institutional Africa & Middle East Fund          | IAM                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional EmergingMarkets Bond Fund              | IEB                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Emerging Markets Equity Fund           | IEM                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional FrontierMarkets Equity Fund            | IFM                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Global Focused Growth Equity Fund      | IGE                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional GlobalGrowth Equity Fund               | IGL                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional Global Value Equity Fund               | IGV                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional InternationalBond Fund                 | IIB                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional International Concentrated Equity Fund | ICE                  | MutualFund - Series  |
|                                                     | T. Rowe Price Institutional InternationalCore Equity Fund          | IIC                  | Mutual Fund - Series |
|                                                     | T. Rowe Price Institutional International Growth Equity Fund       | FEF                  | MutualFund - Series  |
| T.Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF                                                                | Mutual Fund - Parent |

|                                    |                                                   |                 |                 |
|-----------------------------------------|--------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                 | Reference ID                                           | EntityType           |
| T. Rowe Price International Funds, Inc. | PIF                                                    | Mutual Fund - Parent |
|                                    | T. Rowe Price Africa & Middle East Fund            | AME                  | MutualFund - Series  |
|                                    | T. Rowe Price Asia OpportunitiesFund                   | AOF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Dynamic Global Bond Fund                 | GUN                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Europe Fund                     | EEM                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Bond Fund               | EMB                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Corporate Bond Fund     | EMC                  | MutualFund - Series  |
|                                    | T. Rowe Price Emerging MarketsLocal Currency Bond Fund | EML                  | Mutual Fund - Series |
|                                    | T. Rowe Price Emerging Markets Stock Fund              | EMS                  | MutualFund - Series  |
|                                    | T. Rowe Price Emerging MarketsValue Stock Fund         | EMV                  | Mutual Fund - Series |
|                                    | T. Rowe Price European Stock Fund                      | ESF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Consumer Fund                     | GCF                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Growth Stock Fund                 | GLE                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global High Income Bond Fund             | GHI                  | MutualFund - Series  |
|                                    | T. Rowe Price Global IndustrialsFund                   | IND                  | Mutual Fund - Series |
|                                    | T. Rowe Price Global Stock Fund                        | GLS                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Bond Fund                  | IBF                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Concentrated Equity Fund   | ICN                  | MutualFund - Series  |
|                                    | T. Rowe Price International DiscoveryFund              | IDF                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Stock Fund                 | ISF                  | Mutual Fund - Series |
|                                    | T. Rowe Price International Value Equity Fund          | IGI                  | MutualFund - Series  |
|                                    | T. Rowe Price Japan Fund                               | JAF                  | Mutual Fund - Series |
|                                    | T.Rowe Price Latin America Fund                        | LAM                  | Mutual Fund - Series |
|                                    | T. Rowe Price New Asia Fund                            | NAS                  | Mutual Fund - Series |
|                                    | T.Rowe Price Overseas Stock Fund                       | OSF                  | Mutual Fund - Series |

|                                                               |                                                                    |                 |                 |
|--------------------------------------------------------------------|-------------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                            | Reference ID                                                            | EntityType           |
| T. Rowe Price International Index Fund, Inc.                       | IIXF                                                                    | MutualFund - Parent  |
|                                                               | T. Rowe Price International EquityIndex Fund                            | IXF                  | Mutual Fund - Series |
| T. Rowe Price International Series,Inc.                            | INS                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Stock Portfolio                             | ISP                  | MutualFund - Series  |
| T. Rowe Price Limited Duration Inflation Focused Bond 

Fund, Inc. | STI                                                                     | MutualFund - Parent  |
| T. Rowe Price Media & Telecommunications Fund, Inc.            | MTF                                                                     | MutualFund - Parent  |
| T. Rowe Price Mid-Cap Growth Fund, Inc.                            | MCG                                                                     | Mutual Fund - Parent |
| T.Rowe Price Mid-Cap Value Fund, Inc.                              | MCV                                                                     | Mutual Fund - Parent |
| T.Rowe Price Multi-Sector Account Portfolios, Inc.                 | MAPS                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS                  | Mutual Fund - Series |
|                                                               | T.Rowe Price Emerging Markets Local Multi-Sector Account Portfolio      | ELS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Floating Rate Multi-SectorAccount Portfolio               | FRS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price High Yield Multi-Sector Account Portfolio                 | HYS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Investment-GradeCorporate Multi-Sector Account Portfolio  | IGS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS                  | Mutual Fund - Series |
| T. Rowe Price New America Growth Fund                              | NAG                                                                     | MutualFund - Parent  |
| T. Rowe Price New Era Fund, Inc.                                   | NEF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Horizons Fund, Inc.                               | NHF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Income Fund, Inc.                                 | NIF                                                                     | Mutual Fund - Parent |
| T.Rowe Price Personal Strategy Funds, Inc.                         | PER                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price Personal Strategy Balanced Fund                           | PSB                  | MutualFund - Series  |
|                                                               | T. Rowe Price Personal StrategyGrowth Fund                              | PSG                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Personal Strategy Income Fund                             | PSI                  | MutualFund - Series  |
| T.Rowe Price Quantitative Management Funds, Inc.                   | QUANT                                                                   | Mutual Fund - Parent |

|                                             |                                                      |                 |                 |
|--------------------------------------------------|-----------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                          | Reference ID                                              | EntityType           |
|                                             | T. Rowe Price QM Global EquityFund                        | QGE                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Small-Cap Growth Equity Fund        | DSG                  | MutualFund - Series  |
|                                             | T. Rowe Price QM U.S. Small &Mid-Cap Core Equity Fund | QSM                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Value Equity Fund                   | QMV                  | Mutual Fund - Series |
| T.Rowe Price Real Assets Fund, Inc.              | RAF                                                       | Mutual Fund - Parent |
| T.Rowe Price Real Estate Fund, Inc.              | REF                                                       | Mutual Fund - Parent |
| T.Rowe Price Reserve Investment Funds, Inc.      | RESFDS                                                    | Mutual Fund - Parent |
|                                             | T. Rowe Price Government Reserve Fund                     | RES                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Government Fund                  | GRI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Fund                             | REI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Treasury Reserve Fund                       | GRS                  | Mutual Fund - Series |
| T.Rowe Price Science & Technology Fund, Inc. | STF                                                       | Mutual Fund - Parent |
| T.Rowe Price Short-Term Bond Fund, Inc.          | STB                                                       | Mutual Fund - Parent |
|                                             | T. Rowe Price Ultra Short-Term Bond Fund                  | SBF                  | Mutual Fund - Series |
| T.Rowe Price Small-Cap Stock Fund, Inc.          | SCS                                                       | Mutual Fund - Parent |
| T.Rowe Price Small-Cap Value Fund, Inc.          | SCV                                                       | Mutual Fund - Parent |
| T.Rowe Price State Tax-Free Income Trust         | STT                                                       | Mutual Fund - Parent |
|                                             | Georgia Tax-Free Bond Fund                                | GAB                  | Mutual Fund - Series |
|                                             | Maryland Short-Term Tax-Free Bond Fund                    | MDS                  | Mutual Fund - Series |
|                                             | Maryland Tax-Free Bond Fund                               | MDB                  | Mutual Fund - Series |
|                                             | Maryland Tax-Free Money Fund                              | MDM                  | Mutual Fund - Series |
|                                             | New Jersey Tax-Free Bond Fund                             | NJB                  | Mutual Fund - Series |
|                                             | New York Tax-Free Bond Fund                               | NYB                  | Mutual Fund - Series |
|                                             | New York Tax-Free Money Fund                              | NYM                  | Mutual Fund - Series |
|                                             | VirginiaTax-Free Bond Fund                                | VAB                  | Mutual Fund - Series |

|                                                |                                              |                 |                 |
|-----------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                             | Reference ID                                      | EntityType           |
| T. Rowe Price Summit Funds, Inc.                    | SIF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Cash Reserves Fund                  | SCR                  | Mutual Fund - Series |
| T.Rowe Price Summit Municipal Funds, Inc.           | SMF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Municipal Income Fund        | SMI                  | MutualFund - Series  |
|                                                | T. Rowe Price Summit MunicipalIntermediate Fund   | SMT                  | Mutual Fund - Series |
|                                                | T. Rowe Price Summit Municipal Money Market Fund  | SMM                  | MutualFund - Series  |
| T. Rowe Price Tax-Efficient Funds, Inc.             | TEF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Efficient Equity Fund           | TMC                  | Mutual Fund - Series |
| T.Rowe Price Tax-Exempt Money Fund, Inc.            | TEM                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free High Yield Fund, Inc.         | TFH                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Income Fund, Inc.             | TFI                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Free Ultra Short-Term Bond Fund | TUS                  | MutualFund - Series  |
| T. Rowe Price Total Return Fund, Inc.               | TTF                                               | Mutual Fund - Parent |
| T.Rowe Price U.S. Bond Enhanced Index Fund, Inc.    | UBX                                               | Mutual Fund          |
| T.Rowe Price U.S. Large-Cap Core Fund, Inc.         | LCF                                               | Mutual Fund - Parent |
| T.Rowe Price U.S. Treasury Funds, Inc.              | USTF                                              | Mutual Fund - Parent |
|                                                | U.S. Treasury Intermediate Fund                   | USI                  | Mutual Fund - Series |
|                                                | U.S. Treasury Long-Term Fund                      | USL                  | Mutual Fund - Series |
|                                                | U.S. Treasury Money Fund                          | UST                  | Mutual Fund - Series |
| T.Rowe Price Value Fund, Inc.                       | VAL                                               | Mutual Fund - Parent |
| '40 Act Registered Fund of Funds                    |
| T.Rowe Price Retirement Funds, Inc.                 | RDF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Retirement 2005 Fund                | RPJ                  | Mutual Fund - Series |
|                                                | T.Rowe Price Retirement 2010 Fund                 | RPA                  | Mutual Fund - Series |

|                    |                                                 |       |                 |
|-------------------------|------------------------------------------------------|------------|----------------------|
| Mutual Fund Entity Name | Reference ID                                         | EntityType |
|                    | T. Rowe Price Retirement 2015Fund                    | RPG        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2020 Fund                   | RPB        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2025 Fund                   | RPH        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2030 Fund                   | RPC        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2035 Fund                   | RPI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2040 Fund                   | RPD        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2045 Fund                   | RPK        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2050 Fund                   | RPL        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2055 Fund                   | RPM        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2060 Fund                   | RPN        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Balanced Fund               | RPE        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Income 2020 Fund            | RIB        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2005Fund—I Class     | RBI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2010 Fund—I Class    | RCI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2015Fund—I Class     | RDI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2020 Fund—I Class    | RFI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2025Fund—I Class     | RGI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2030 Fund—I Class    | RHI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2035Fund—I Class     | RII        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2040 Fund—I Class    | RJI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2045Fund—I Class     | RKI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2050 Fund—I Class    | RMI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2055Fund—I Class     | RNI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2060 Fund—I Class    | ROI        | MutualFund - Series  |
|                    | T.Rowe Price Retirement Balanced I Fund—I Class | RQI        | Mutual Fund - Series |

|                             |                           |                 |                 |
|----------------------------------|--------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name          | Reference ID                   | EntityType           |
|                             | T. Rowe Price Target 2005 Fund | TRA                  | Mutual Fund - Series |
|                             | T.Rowe Price Target 2010 Fund  | TRB                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2015 Fund | TRC                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2020 Fund | TRD                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2025 Fund | TRE                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2030 Fund | TRG                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2035 Fund | TRH                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2040 Fund | TRJ                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2045 Fund | TRL                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2050 Fund | TRM                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2055 Fund | TRN                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2060 Fund | TRO                  | Mutual Fund - Series |
| T.Rowe Price Spectrum Fund, Inc. | SPC                            | Mutual Fund - Parent |
|                             | Spectrum Growth Fund           | SPG                  | Mutual Fund - Series |
|                             | Spectrum Income Fund           | SPI                  | Mutual Fund - Series |
|                             | SpectrumInternational Fund     | SPF                  | Mutual Fund - Series |

T.ROWE PRICE ASSOCIATES, INC.

July 17, 2017

The T. Rowe Price Funds

100 East Pratt Street

Baltimore, Maryland  21202

Subject: AmendmentNo. 2 to the Agreement dated July 17, 2017

Ladies and Gentlemen:

Reference is made to the letter agreement datedFebruary 28, 2017 (“Agreement”) byand between each investment company listed on Exhibit A attached to the Agreement (each, a “Company”), on behalf of itself or, where noted on Exhibit A, on behalfof its Series (as defined therein), severally and not jointly (each Company and/or Series a “Fund”, and collectively the “Funds”)and T. Rowe Price Associates, Inc. (“TRP”).The Agreement was made in connection with the Fund Accounting Agreement (the “BNY Agreement”), effective as of February 28, 2017 (the “Effective Date”), as amended April 18, 2017 and July 17, 2017 byand between each Fund listed on Exhibit A attached to the Agreement, severally and not jointly, TRP,solely with respect to Section 3(c) thereof, and The Bank of New York Mellon, a New York banking organization(“BNY Mellon”). 

TRP and the Funds hereby amendthe Agreement by replacing Exhibit A, in its entirety, with amended Exhibit A, attached hereto as AttachmentA. TRP and the Funds further amend the agreement such that all references to the “Fund” orthe “Funds” also includes any T. Rowe Price Funds that may be established after the executionof the Agreement.

If there is any inconsistency between the terms of this Amendment and the Agreement,the terms of this Amendment will govern. Defined terms used and not otherwise defined in this Amendmentshall have the meanings ascribed to them in the Agreement. Except as specifically and only to the extentmodified by this Amendment, all of the terms and provisions of the Agreement and the Fund AccountingAgreement shall continue to remain in full force and effect.

[Remainder of page intentionally left blank.]

If you are in agreement with the terms set forth above, please sign in the spaceprovided below and return an executed copy to us.

Very truly yours,

|                           |
|--------------------------------|
| T. ROWE PRICE ASSOCIATES, INC. |
| By:/s/ David Oestreicher       |
| Name: David Oestreicher        |
| Title: Vice President          |

     

  

|                                                                                     |
|------------------------------------------------------------------------------------------|
| AGREED AND ACCEPTED:                                                                     |
| By:/s/ Darrell Braman

on behalf of each Fund 

identified on Exhibit A

attached hereto |
| Name:Darrell Braman                                                                      |
| Title: Secretary of the Funds                                                            |

       

ATTACHMENTA

AmendedExhibit A

|                                                      |                                              |                 |                 |
|-----------------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                   | Reference ID                                      | EntityType           |
| ‘40Act Registered Funds                         |                                              |                 |
| T.Rowe Price Balanced Fund, Inc.                          | BAL                                               | Mutual Fund - Parent |
| T. Rowe Price Blue Chip GrowthFund, Inc.                  | BCG                                               | Mutual Fund - Parent |
| T. Rowe Price California Tax-FreeIncome Trust             | CAT                                               | Mutual Fund - Parent |
|                                                      | California Tax-Free Bond Fund                     | CAB                  | Mutual Fund - Series |
|                                                      | California Tax-Free Money Fund                    | CAM                  | Mutual Fund - Series |
| T.Rowe Price Capital Appreciation Fund                    | CAF                                               | Mutual Fund - Parent |
| T.Rowe Price Capital Appreciation & Income Fund, Inc. | CAN                                               | Mutual Fund - Parent |
| T.Rowe Price Capital Opportunity Fund, Inc.               | COF                                               | Mutual Fund - Parent |
| T.Rowe Price Corporate Income Fund, Inc.                  | CIF                                               | Mutual Fund - Parent |
| T.Rowe Price Credit Opportunities Fund, Inc.              | CRO                                               | Mutual Fund - Parent |
| T.Rowe Price Diversified Mid-Cap Growth Fund, Inc.        | DMG                                               | Mutual Fund - Parent |
| T.Rowe Price Dividend Growth Fund, Inc.                   | DGF                                               | Mutual Fund - Parent |
| T.Rowe Price Equity Income Fund                           | EIF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Series,Inc.                          | EQS                                               | Mutual Fund - Parent |
|                                                      | T. Rowe Price Blue Chip Growth Portfolio          | BCP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Equity Income Portfolio             | EIP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Equity Index 500 Portfolio          | EXP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Health Sciences Portfolio           | HSP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Mid-Cap Growth Portfolio            | MGP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price New America Growth Portfolio        | NAP                  | MutualFund - Series  |
|                                                      | T.Rowe Price Personal Strategy Balanced Portfolio | PSP                  | Mutual Fund - Series |

|                                              |                                                  |                 |                 |
|---------------------------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                           | Reference ID                                          | EntityType           |
| T. Rowe Price Financial Services Fund, Inc.       | FSF                                                   | MutualFund - Parent  |
| T. Rowe Price Fixed Income Series, Inc.           | FIS                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price Government Money Portfolio              | PRP                  | Mutual Fund - Series |
|                                              | T. Rowe Price Limited-Term Bond Portfolio             | LTP                  | MutualFund - Series  |
| T. Rowe Price Floating Rate Fund, Inc.            | FRI                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Allocation Fund, Inc.         | GAF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Multi-Sector Bond Fund, Inc.  | SNF                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Real Estate Fund, Inc.        | GRE                                                   | Mutual Fund - Parent |
| T.Rowe Price Global Technology Fund, Inc.         | GTF                                                   | Mutual Fund - Parent |
| T.Rowe Price GNMA Fund                            | GMA                                                   | Mutual Fund - Parent |
| T. Rowe Price Government Money Fund,Inc.          | PRF                                                   | Mutual Fund - Parent |
| T. Rowe Price Growth & Income Fund, Inc.      | GIF                                                   | Mutual Fund - Parent |
| T. Rowe Price Growth Stock Fund,Inc.              | GSF                                                   | Mutual Fund - Parent |
| T. Rowe Price Health SciencesFund, Inc.           | HSF                                                   | Mutual Fund - Parent |
| T. Rowe Price High Yield Fund,Inc.                | HYF                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price U.S. High Yield Fund                    | UHY                  | Mutual Fund - Series |
| T.Rowe Price Index Trust, Inc.                    | INDX                                                  | Mutual Fund - Parent |
|                                              | T. Rowe Price Equity Index 500 Fund                   | EXF                  | Mutual Fund - Series |
|                                              | T. Rowe Price Extended Equity Market Index Fund       | XMX                  | MutualFund - Series  |
|                                              | T. Rowe Price Mid-Cap Index Fund                      | MCX                  | Mutual Fund - Series |
|                                              | T.Rowe Price Small-Cap Index Fund                     | SCX                  | Mutual Fund - Series |
|                                              | T. Rowe Price Total Equity Market Index Fund          | TMX                  | MutualFund - Series  |
| T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB                                                   | MutualFund - Parent  |
| T. Rowe Price Institutional Equity Funds, Inc.    | IEF                                                   | MutualFund - Parent  |
|                                              | T.Rowe Price Institutional Large-Cap Core Growth Fund | LCC                  | Mutual Fund - Series |

|                                                  |                                                              |                 |                 |
|-------------------------------------------------------|-------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                               | Reference ID                                                      | EntityType           |
|                                                  | T. Rowe Price Institutional Large-CapGrowth Fund                  | LCG                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Large-Cap Value Fund                  | LCV                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional Mid-CapEquity Growth Fund             | MCE                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Small-Cap Stock Fund                  | SCI                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional U.S.Structured Research Fund          | IRF                  | Mutual Fund - Series |
| T. Rowe Price Institutional IncomeFunds, Inc.         | IINCF                                                             | Mutual Fund - Parent |
|                                                  | T. Rowe Price Institutional Cash Reserves Fund                    | ICM                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional CorePlus Fund                         | ICP                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Credit Opportunities Fund             | ICO                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional FloatingRate Fund                     | IFR                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Global Multi-Sector Bond Fund         | IGM                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional HighYield Fund                        | HYI                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Long Duration Credit Fund             | LDC                  | MutualFund - Series  |
| T. Rowe Price Institutional International Funds, Inc. | IIF                                                               | MutualFund - Parent  |
|                                                  | T. Rowe Price Institutional Africa& Middle East Fund          | IAM                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Emerging Markets Bond Fund            | IEB                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional EmergingMarkets Equity Fund           | IEM                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Frontier Markets Equity Fund          | IFM                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional GlobalFocused Growth Equity Fund      | IGE                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional Global Growth Equity Fund             | IGL                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional GlobalValue Equity Fund               | IGV                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional International Bond Fund               | IIB                  | MutualFund - Series  |
|                                                  | T. Rowe Price Institutional InternationalConcentrated Equity Fund | ICE                  | Mutual Fund - Series |
|                                                  | T. Rowe Price Institutional International Core Equity Fund        | IIC                  | MutualFund - Series  |
|                                                  | T.Rowe Price Institutional International Growth Equity Fund       | FEF                  | Mutual Fund - Series |

|                                                      |                                                   |                 |                 |
|-----------------------------------------------------------|--------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                   | Reference ID                                           | EntityType           |
| T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF                                                    | MutualFund - Parent  |
| T. Rowe Price International Funds, Inc.                   | PIF                                                    | Mutual Fund - Parent |
|                                                      | T. Rowe Price Africa & Middle East Fund            | AME                  | MutualFund - Series  |
|                                                      | T. Rowe Price Asia OpportunitiesFund                   | AOF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Dynamic Global Bond Fund                 | GUN                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Emerging Europe Fund                     | EEM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Emerging Markets Bond Fund               | EMB                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Emerging Markets Corporate Bond Fund     | EMC                  | MutualFund - Series  |
|                                                      | T. Rowe Price Emerging MarketsLocal Currency Bond Fund | EML                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Emerging Markets Stock Fund              | EMS                  | MutualFund - Series  |
|                                                      | T. Rowe Price Emerging MarketsValue Stock Fund         | EMV                  | Mutual Fund - Series |
|                                                      | T. Rowe Price European Stock Fund                      | ESF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Global Consumer Fund                     | GCF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Global Growth Stock Fund                 | GLE                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Global High Income Bond Fund             | GHI                  | MutualFund - Series  |
|                                                      | T. Rowe Price Global IndustrialsFund                   | IND                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Global Stock Fund                        | GLS                  | Mutual Fund - Series |
|                                                      | T. Rowe Price International Bond Fund                  | IBF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price International Bond Fund (USD Hedged)     | IBH                  | MutualFund - Series  |
|                                                      | T. Rowe Price International ConcentratedEquity Fund    | ICN                  | Mutual Fund - Series |
|                                                      | T. Rowe Price International Discovery Fund             | IDF                  | MutualFund - Series  |
|                                                      | T. Rowe Price International StockFund                  | ISF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price International Value Equity Fund          | IGI                  | MutualFund - Series  |
|                                                      | T. Rowe Price Japan Fund                               | JAF                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Latin America Fund                       | LAM                  | Mutual Fund - Series |

|                                                               |                                                                    |                 |                 |
|--------------------------------------------------------------------|-------------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                            | Reference ID                                                            | EntityType           |
|                                                               | T. Rowe Price New Asia Fund                                             | NAS                  | Mutual Fund - Series |
|                                                               | T.Rowe Price Overseas Stock Fund                                        | OSF                  | Mutual Fund - Series |
| T. Rowe Price International IndexFund, Inc.                        | IIXF                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Equity Index Fund                           | IXF                  | MutualFund - Series  |
| T. Rowe Price International Series, Inc.                           | INS                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Stock Portfolio                             | ISP                  | MutualFund - Series  |
| T. Rowe Price Limited Duration Inflation Focused Bond 

Fund, Inc. | STI                                                                     | MutualFund - Parent  |
| T. Rowe Price Media & Telecommunications Fund, Inc.            | MTF                                                                     | MutualFund - Parent  |
| T. Rowe Price Mid-Cap Growth Fund, Inc.                            | MCG                                                                     | Mutual Fund - Parent |
| T.Rowe Price Mid-Cap Value Fund, Inc.                              | MCV                                                                     | Mutual Fund - Parent |
| T.Rowe Price Multi-Sector Account Portfolios, Inc.                 | MAPS                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS                  | Mutual Fund - Series |
|                                                               | T.Rowe Price Emerging Markets Local Multi-Sector Account Portfolio      | ELS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Floating Rate Multi-SectorAccount Portfolio               | FRS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price High Yield Multi-Sector Account Portfolio                 | HYS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Investment-GradeCorporate Multi-Sector Account Portfolio  | IGS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS                  | Mutual Fund - Series |
| T. Rowe Price Multi-Strategy Total Return Fund, Inc.               | MSR                                                                     | MutualFund - Parent  |
| T. Rowe Price New America Growth Fund                              | NAG                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Era Fund, Inc.                                    | NEF                                                                     | Mutual Fund - Parent |
| T. Rowe Price New Horizons Fund,Inc.                               | NHF                                                                     | Mutual Fund - Parent |
| T. Rowe Price New Income Fund, Inc.                                | NIF                                                                     | Mutual Fund - Parent |

|                                             |                                                      |                 |                 |
|--------------------------------------------------|-----------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                          | Reference ID                                              | EntityType           |
| T. Rowe Price Personal Strategy Funds, Inc.      | PER                                                       | MutualFund - Parent  |
|                                             | T. Rowe Price Personal StrategyBalanced Fund              | PSB                  | Mutual Fund - Series |
|                                             | T. Rowe Price Personal Strategy Growth Fund               | PSG                  | MutualFund - Series  |
|                                             | T. Rowe Price Personal StrategyIncome Fund                | PSI                  | Mutual Fund - Series |
| T. Rowe Price Quantitative ManagementFunds, Inc. | QUANT                                                     | Mutual Fund - Parent |
|                                             | T. Rowe Price QM Global Equity Fund                       | QGE                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Small-Cap Growth Equity Fund        | DSG                  | MutualFund - Series  |
|                                             | T. Rowe Price QM U.S. Small &Mid-Cap Core Equity Fund | QSM                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Value Equity Fund                   | QMV                  | Mutual Fund - Series |
| T.Rowe Price Real Assets Fund, Inc.              | RAF                                                       | Mutual Fund - Parent |
| T.Rowe Price Real Estate Fund, Inc.              | REF                                                       | Mutual Fund - Parent |
| T.Rowe Price Reserve Investment Funds, Inc.      | RESFDS                                                    | Mutual Fund - Parent |
|                                             | T. Rowe Price Government Reserve Fund                     | RES                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Government Fund                  | GRI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Fund                             | REI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Treasury Reserve Fund                       | GRS                  | Mutual Fund - Series |
| T.Rowe Price Science & Technology Fund, Inc. | STF                                                       | Mutual Fund - Parent |
| T.Rowe Price Short-Term Bond Fund, Inc.          | STB                                                       | Mutual Fund - Parent |
|                                             | T. Rowe Price Ultra Short-Term Bond Fund                  | SBF                  | Mutual Fund - Series |
| T.Rowe Price Small-Cap Stock Fund, Inc.          | SCS                                                       | Mutual Fund - Parent |
| T.Rowe Price Small-Cap Value Fund, Inc.          | SCV                                                       | Mutual Fund - Parent |
| T.Rowe Price State Tax-Free Income Trust         | STT                                                       | Mutual Fund - Parent |
|                                             | Georgia Tax-Free Bond Fund                                | GAB                  | Mutual Fund - Series |
|                                             | Maryland Short-Term Tax-Free Bond Fund                    | MDS                  | Mutual Fund - Series |
|                                             | MarylandTax-Free Bond Fund                                | MDB                  | Mutual Fund - Series |

|                                                |                                             |                 |                 |
|-----------------------------------------------------|--------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                             | Reference ID                                     | EntityType           |
|                                                | Maryland Tax-Free Money Fund                     | MDM                  | Mutual Fund - Series |
|                                                | NewJersey Tax-Free Bond Fund                     | NJB                  | Mutual Fund - Series |
|                                                | New York Tax-Free Bond Fund                      | NYB                  | Mutual Fund - Series |
|                                                | New York Tax-Free Money Fund                     | NYM                  | Mutual Fund - Series |
|                                                | Virginia Tax-Free Bond Fund                      | VAB                  | Mutual Fund - Series |
| T.Rowe Price Summit Funds, Inc.                     | SIF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Cash Reserves Fund                 | SCR                  | Mutual Fund - Series |
| T.Rowe Price Summit Municipal Funds, Inc.           | SMF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Municipal Income Fund       | SMI                  | MutualFund - Series  |
|                                                | T. Rowe Price Summit MunicipalIntermediate Fund  | SMT                  | Mutual Fund - Series |
|                                                | T. Rowe Price Summit Municipal Money Market Fund | SMM                  | MutualFund - Series  |
| T. Rowe Price Tax-Efficient Funds, Inc.             | TEF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Efficient Equity Fund          | TMC                  | Mutual Fund - Series |
| T.Rowe Price Tax-Exempt Money Fund, Inc.            | TEM                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free High Yield Fund, Inc.         | TFH                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Income Fund, Inc.             | TFI                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS                                              | Mutual Fund - Parent |
| T.Rowe Price Total Return Fund, Inc.                | TTF                                              | Mutual Fund - Parent |
| T.Rowe Price U.S. Bond Enhanced Index Fund, Inc.    | UBX                                              | Mutual Fund          |
| T.Rowe Price U.S. Large-Cap Core Fund, Inc.         | LCF                                              | Mutual Fund - Parent |
| T.Rowe Price U.S. Treasury Funds, Inc.              | USTF                                             | Mutual Fund - Parent |
|                                                | U.S. Treasury Intermediate Fund                  | USI                  | Mutual Fund - Series |
|                                                | U.S. Treasury Long-Term Fund                     | USL                  | Mutual Fund - Series |
|                                                | U.S. Treasury Money Fund                         | UST                  | Mutual Fund - Series |
| T. Rowe Price Value Fund, Inc.                      | VAL                                              | Mutual Fund - Parent |

|                                 |                                              |                |                 |
|--------------------------------------|---------------------------------------------------|---------------------|----------------------|
| Mutual Fund Entity Name              | Reference ID                                      | EntityType          |
| '40Act Registered Fund of Funds      |
| T. Rowe Price Retirement Funds, Inc. | RDF                                               | MutualFund - Parent |
|                                 | T. Rowe Price Retirement 2005Fund                 | RPJ                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2010 Fund                | RPA                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2015 Fund                | RPG                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2020 Fund                | RPB                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2025 Fund                | RPH                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2030 Fund                | RPC                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2035 Fund                | RPI                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2040 Fund                | RPD                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2045 Fund                | RPK                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2050 Fund                | RPL                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2055 Fund                | RPM                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement 2060 Fund                | RPN                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement Balanced Fund            | RPE                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement Income 2020 Fund         | RIB                 | MutualFund - Series  |
|                                 | T. Rowe Price Retirement I 2005Fund—I Class  | RBI                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement I 2010 Fund—I Class | RCI                 | MutualFund - Series  |
|                                 | T. Rowe Price Retirement I 2015Fund—I Class  | RDI                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement I 2020 Fund—I Class | RFI                 | MutualFund - Series  |
|                                 | T. Rowe Price Retirement I 2025Fund—I Class  | RGI                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement I 2030 Fund—I Class | RHI                 | MutualFund - Series  |
|                                 | T. Rowe Price Retirement I 2035Fund—I Class  | RII                 | Mutual Fund - Series |
|                                 | T. Rowe Price Retirement I 2040 Fund—I Class | RJI                 | MutualFund - Series  |
|                                 | T.Rowe Price Retirement I 2045 Fund—I Class  | RKI                 | Mutual Fund - Series |

|                             |                                                  |                 |                 |
|----------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name          | Reference ID                                          | EntityType           |
|                             | T. Rowe Price Retirement I 2050Fund—I Class      | RMI                  | Mutual Fund - Series |
|                             | T. Rowe Price Retirement I 2055 Fund—I Class     | RNI                  | MutualFund - Series  |
|                             | T. Rowe Price Retirement I 2060Fund—I Class      | ROI                  | Mutual Fund - Series |
|                             | T. Rowe Price Retirement Balanced I Fund—I Class | RQI                  | MutualFund - Series  |
|                             | T. Rowe Price Target 2005 Fund                        | TRA                  | Mutual Fund - Series |
|                             | T.Rowe Price Target 2010 Fund                         | TRB                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2015 Fund                        | TRC                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2020 Fund                        | TRD                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2025 Fund                        | TRE                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2030 Fund                        | TRG                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2035 Fund                        | TRH                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2040 Fund                        | TRJ                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2045 Fund                        | TRL                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2050 Fund                        | TRM                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2055 Fund                        | TRN                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2060 Fund                        | TRO                  | Mutual Fund - Series |
| T.Rowe Price Spectrum Fund, Inc. | SPC                                                   | Mutual Fund - Parent |
|                             | Spectrum Growth Fund                                  | SPG                  | Mutual Fund - Series |
|                             | Spectrum Income Fund                                  | SPI                  | Mutual Fund - Series |
|                             | SpectrumInternational Fund                            | SPF                  | Mutual Fund - Series |

T.ROWE PRICE ASSOCIATES, INC.

October 30, 2017

The T. Rowe Price Funds

100 East Pratt Street

Baltimore, Maryland  21202

Subject: Amendment No. 3 to the Agreement dated October 30, 2017

Ladiesand Gentlemen:

Reference is made to the letter agreement dated February 28, 2017 (“Agreement”) by and between each investment company listed on ExhibitA attached to the Agreement (each, a “Company”),on behalf of itself or, where noted on Exhibit A, on behalf of its Series (as defined therein), severallyand not jointly (each Company and/or Series a “Fund”,and collectively the “Funds”) andT. Rowe Price Associates, Inc. (“TRP”).The Agreement was made in connection with the Fund Accounting Agreement (the “BNY Agreement”), effective as of February 28, 2017 (the “Effective Date”), as amended April 18, 2017, July 17, 2017, and October30, 2017, by and between each Fund listed on Exhibit A attached to the Agreement, severally and not jointly,TRP, solely with respect to Section 3(c) thereof, and The Bank of New York Mellon, a New York bankingorganization (“BNY Mellon”). 

TRPand the Funds hereby amend the Agreement by replacing Exhibit A, in its entirety, with amended ExhibitA, attached hereto as Attachment A. TRP and the Funds further amend the agreement such that all referencesto the “Fund” or the “Funds” also includes any T. Rowe Price Funds that may be establishedafter the execution of the Agreement.

If there is any inconsistency between the terms of this Amendmentand the Agreement, the terms of this Amendment will govern. Defined terms used and not otherwise definedin this Amendment shall have the meanings ascribed to them in the Agreement. Except as specifically andonly to the extent modified by this Amendment, all of the terms and provisions of the Agreement and theFund Accounting Agreement shall continue to remain in full force and effect.

[Remainder of page intentionallyleft blank.]

If you are in agreement with the terms set forth above, please sign in the spaceprovided below and return an executed copy to us.

Very truly yours,

|                           |
|--------------------------------|
| T. ROWE PRICE ASSOCIATES, INC. |
| By:/s/ David Oestreicher       |
| Name: David Oestreicher        |
| Title: Vice President          |

     

  

|                                                                                     |
|------------------------------------------------------------------------------------------|
| AGREED AND ACCEPTED:                                                                     |
| By:/s/ Darrell Braman

on behalf of each Fund 

identified on Exhibit A

attached hereto |
| Name:Darrell Braman                                                                      |
| Title: Secretary of the Funds                                                            |

       

ATTACHMENTA

AmendedExhibit A

|                                                      |                                              |                 |                 |
|-----------------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                   | Reference ID                                      | EntityType           |
| ‘40Act Registered Funds                         |                                              |                 |
| T.Rowe Price Balanced Fund, Inc.                          | BAL                                               | Mutual Fund - Parent |
| T. Rowe Price Blue Chip GrowthFund, Inc.                  | BCG                                               | Mutual Fund - Parent |
| T. Rowe Price Capital AppreciationFund, Inc.              | CAF                                               | Mutual Fund - Parent |
| T. Rowe Price Capital Appreciation& Income Fund, Inc. | CAN                                               | Mutual Fund - Parent |
| T. Rowe Price Capital OpportunityFund, Inc.               | COF                                               | Mutual Fund - Parent |
| T. Rowe Price Corporate IncomeFund, Inc.                  | CIF                                               | Mutual Fund - Parent |
| T. Rowe Price Credit OpportunitiesFund, Inc.              | CRO                                               | Mutual Fund - Parent |
| T. Rowe Price Diversified Mid-CapGrowth Fund, Inc.        | DMG                                               | Mutual Fund - Parent |
| T. Rowe Price Dividend GrowthFund, Inc.                   | DGF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Income Fund,Inc.                     | EIF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Series,Inc.                          | EQS                                               | Mutual Fund - Parent |
|                                                      | T. Rowe Price Blue Chip Growth Portfolio          | BCP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Equity Income Portfolio             | EIP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Equity Index 500 Portfolio          | EXP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Health Sciences Portfolio           | HSP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Mid-Cap Growth Portfolio            | MGP                  | Mutual Fund - Series |
|                                                      | T. Rowe Price New America Growth Portfolio        | NAP                  | MutualFund - Series  |
|                                                      | T. Rowe Price Personal StrategyBalanced Portfolio | PSP                  | Mutual Fund - Series |
| T. Rowe Price Financial ServicesFund, Inc.                | FSF                                               | Mutual Fund - Parent |
| T. Rowe Price Fixed Income Series,Inc.                    | FIS                                               | Mutual Fund - Parent |
|                                                      | T. Rowe Price Government MoneyPortfolio           | PRP                  | Mutual Fund - Series |

|                                              |                                                  |                 |                 |
|---------------------------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                           | Reference ID                                          | EntityType           |
|                                              | T. Rowe Price Limited-Term BondPortfolio              | LTP                  | Mutual Fund - Series |
| T. Rowe Price Floating Rate Fund,Inc.             | FRI                                                   | Mutual Fund - Parent |
| T. Rowe Price Global AllocationFund, Inc.         | GAF                                                   | Mutual Fund - Parent |
| T. Rowe Price Global Multi-SectorBond Fund, Inc.  | SNF                                                   | Mutual Fund - Parent |
| T. Rowe Price Global Real EstateFund, Inc.        | GRE                                                   | Mutual Fund - Parent |
| T. Rowe Price Global TechnologyFund, Inc.         | GTF                                                   | Mutual Fund - Parent |
| T. Rowe Price GNMA Fund, Inc.                     | GMA                                                   | Mutual Fund - Parent |
| T. Rowe Price Government Money Fund, Inc.         | PRF                                                   | MutualFund - Parent  |
| T. Rowe Price Growth & Income  Fund, Inc.     | GIF                                                   | MutualFund - Parent  |
| T. Rowe Price Growth Stock Fund, Inc.             | GSF                                                   | Mutual Fund - Parent |
| T.Rowe Price Health Sciences Fund, Inc.           | HSF                                                   | Mutual Fund - Parent |
| T.Rowe Price High Yield Fund, Inc.                | HYF                                                   | Mutual Fund - Parent |
|                                              | T. Rowe Price U.S. High Yield Fund                    | UHY                  | Mutual Fund - Series |
| T.Rowe Price Index Trust, Inc.                    | INDX                                                  | Mutual Fund - Parent |
|                                              | T. Rowe Price Equity Index 500 Fund                   | EXF                  | Mutual Fund - Series |
|                                              | T. Rowe Price Extended Equity Market Index Fund       | XMX                  | MutualFund - Series  |
|                                              | T. Rowe Price Mid-Cap Index Fund                      | MCX                  | Mutual Fund - Series |
|                                              | T.Rowe Price Small-Cap Index Fund                     | SCX                  | Mutual Fund - Series |
|                                              | T. Rowe Price Total Equity Market Index Fund          | TMX                  | MutualFund - Series  |
| T. Rowe Price Inflation Protected Bond Fund, Inc. | IPB                                                   | MutualFund - Parent  |
| T. Rowe Price Institutional Equity Funds, Inc.    | IEF                                                   | MutualFund - Parent  |
|                                              | T. Rowe Price Institutional Large-CapCore Growth Fund | LCC                  | Mutual Fund - Series |
|                                              | T. Rowe Price Institutional Large-Cap Growth Fund     | LCG                  | MutualFund - Series  |
|                                              | T. Rowe Price Institutional Large-CapValue Fund       | LCV                  | Mutual Fund - Series |
|                                              | T. Rowe Price Institutional Mid-CapEquity Growth Fund | MCE                  | Mutual Fund - Series |

|                                                      |                                                               |                 |                 |
|-----------------------------------------------------------|--------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                   | Reference ID                                                       | EntityType           |
|                                                      | T. Rowe Price Institutional Small-CapStock Fund                    | SCI                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional U.S. Structured Research Fund          | IRF                  | MutualFund - Series  |
| T. Rowe Price Institutional Income Funds, Inc.            | IINCF                                                              | MutualFund - Parent  |
|                                                      | T. Rowe Price Institutional CashReserves Fund                      | ICM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Core Plus Fund                         | ICP                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional CreditOpportunities Fund               | ICO                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Floating Rate Fund                     | IFR                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional GlobalMulti-Sector Bond Fund           | IGM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional High Yield Fund                        | HYI                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional LongDuration Credit Fund               | LDC                  | Mutual Fund - Series |
| T. Rowe Price Institutional InternationalFunds, Inc.      | IIF                                                                | Mutual Fund - Parent |
|                                                      | T. Rowe Price Institutional Africa & Middle East Fund          | IAM                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional EmergingMarkets Bond Fund              | IEB                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Emerging Markets Equity Fund           | IEM                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional FrontierMarkets Equity Fund            | IFM                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Global Focused Growth Equity Fund      | IGE                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional GlobalGrowth Equity Fund               | IGL                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional Global Value Equity Fund               | IGV                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional InternationalBond Fund                 | IIB                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional International Concentrated Equity Fund | ICE                  | MutualFund - Series  |
|                                                      | T. Rowe Price Institutional InternationalCore Equity Fund          | IIC                  | Mutual Fund - Series |
|                                                      | T. Rowe Price Institutional International Growth Equity Fund       | FEF                  | MutualFund - Series  |
| T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF                                                                | MutualFund - Parent  |
| T. Rowe Price International Funds, Inc.                   | PIF                                                                | Mutual Fund - Parent |
|                                                      | T.Rowe Price Africa & Middle East Fund                         | AME                  | Mutual Fund - Series |

|                                        |                                                   |                 |                 |
|---------------------------------------------|--------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                     | Reference ID                                           | EntityType           |
|                                        | T. Rowe Price Asia OpportunitiesFund                   | AOF                  | Mutual Fund - Series |
|                                        | T. Rowe Price Dynamic Global Bond Fund                 | GUN                  | Mutual Fund - Series |
|                                        | T. Rowe Price Emerging Europe Fund                     | EEM                  | Mutual Fund - Series |
|                                        | T. Rowe Price Emerging Markets Bond Fund               | EMB                  | Mutual Fund - Series |
|                                        | T. Rowe Price Emerging Markets Corporate Bond Fund     | EMC                  | MutualFund - Series  |
|                                        | T. Rowe Price Emerging MarketsLocal Currency Bond Fund | EML                  | Mutual Fund - Series |
|                                        | T. Rowe Price Emerging Markets Stock Fund              | EMS                  | MutualFund - Series  |
|                                        | T. Rowe Price Emerging MarketsValue Stock Fund         | EMV                  | Mutual Fund - Series |
|                                        | T. Rowe Price European Stock Fund                      | ESF                  | Mutual Fund - Series |
|                                        | T. Rowe Price Global Consumer Fund                     | GCF                  | Mutual Fund - Series |
|                                        | T. Rowe Price Global Growth Stock Fund                 | GLE                  | Mutual Fund - Series |
|                                        | T. Rowe Price Global High Income Bond Fund             | GHI                  | MutualFund - Series  |
|                                        | T. Rowe Price Global IndustrialsFund                   | IND                  | Mutual Fund - Series |
|                                        | T. Rowe Price Global Stock Fund                        | GLS                  | Mutual Fund - Series |
|                                        | T. Rowe Price International Bond Fund                  | IBF                  | Mutual Fund - Series |
|                                        | T. Rowe Price International Bond Fund (USD Hedged)     | IBH                  | MutualFund - Series  |
|                                        | T. Rowe Price International ConcentratedEquity Fund    | ICN                  | Mutual Fund - Series |
|                                        | T. Rowe Price International Discovery Fund             | IDF                  | MutualFund - Series  |
|                                        | T. Rowe Price International StockFund                  | ISF                  | Mutual Fund - Series |
|                                        | T. Rowe Price International Value Equity Fund          | IGI                  | MutualFund - Series  |
|                                        | T. Rowe Price Japan Fund                               | JAF                  | Mutual Fund - Series |
|                                        | T.Rowe Price Latin America Fund                        | LAM                  | Mutual Fund - Series |
|                                        | T. Rowe Price New Asia Fund                            | NAS                  | Mutual Fund - Series |
|                                        | T. Rowe Price Overseas Stock Fund                      | OSF                  | Mutual Fund - Series |
| T. Rowe Price International IndexFund, Inc. | IIXF                                                   | Mutual Fund - Parent |

|                                                               |                                                                    |                 |                 |
|--------------------------------------------------------------------|-------------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                                            | Reference ID                                                            | EntityType           |
|                                                               | T. Rowe Price International EquityIndex Fund                            | IXF                  | Mutual Fund - Series |
| T. Rowe Price International Series,Inc.                            | INS                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price International Stock Portfolio                             | ISP                  | MutualFund - Series  |
| T. Rowe Price Limited Duration Inflation Focused Bond 

Fund, Inc. | STI                                                                     | MutualFund - Parent  |
| T. Rowe Price Media & Telecommunications Fund, Inc.            | MTF                                                                     | MutualFund - Parent  |
| T. Rowe Price Mid-Cap Growth Fund, Inc.                            | MCG                                                                     | Mutual Fund - Parent |
| T.Rowe Price Mid-Cap Value Fund, Inc.                              | MCV                                                                     | Mutual Fund - Parent |
| T.Rowe Price Multi-Sector Account Portfolios, Inc.                 | MAPS                                                                    | Mutual Fund - Parent |
|                                                               | T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS                  | Mutual Fund - Series |
|                                                               | T.Rowe Price Emerging Markets Local Multi-Sector Account Portfolio      | ELS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Floating Rate Multi-SectorAccount Portfolio               | FRS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price High Yield Multi-Sector Account Portfolio                 | HYS                  | MutualFund - Series  |
|                                                               | T. Rowe Price Investment-GradeCorporate Multi-Sector Account Portfolio  | IGS                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS                  | Mutual Fund - Series |
| T. Rowe Price Multi-Strategy Total Return Fund, Inc.               | MSR                                                                     | MutualFund - Parent  |
| T. Rowe Price New America Growth Fund, Inc.                        | NAG                                                                     | MutualFund - Parent  |
| T. Rowe Price New Era Fund, Inc.                                   | NEF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Horizons Fund, Inc.                               | NHF                                                                     | Mutual Fund - Parent |
| T.Rowe Price New Income Fund, Inc.                                 | NIF                                                                     | Mutual Fund - Parent |
| T.Rowe Price Personal Strategy Funds, Inc.                         | PER                                                                     | Mutual Fund - Parent |
|                                                               | T. Rowe Price Personal Strategy Balanced Fund                           | PSB                  | MutualFund - Series  |
|                                                               | T. Rowe Price Personal StrategyGrowth Fund                              | PSG                  | Mutual Fund - Series |
|                                                               | T. Rowe Price Personal Strategy Income Fund                             | PSI                  | MutualFund - Series  |
| T.Rowe Price Quantitative Management Funds, Inc.                   | QUANT                                                                   | Mutual Fund - Parent |

|                                             |                                                      |                 |                 |
|--------------------------------------------------|-----------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                          | Reference ID                                              | EntityType           |
|                                             | T. Rowe Price QM Global EquityFund                        | QGE                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Small-Cap Growth Equity Fund        | DSG                  | MutualFund - Series  |
|                                             | T. Rowe Price QM U.S. Small &Mid-Cap Core Equity Fund | QSM                  | Mutual Fund - Series |
|                                             | T. Rowe Price QM U.S. Value Equity Fund                   | QMV                  | Mutual Fund - Series |
| T.Rowe Price Real Assets Fund, Inc.              | RAF                                                       | Mutual Fund - Parent |
| T.Rowe Price Real Estate Fund, Inc.              | REF                                                       | Mutual Fund - Parent |
| T.Rowe Price Reserve Investment Funds, Inc.      | RESFDS                                                    | Mutual Fund - Parent |
|                                             | T. Rowe Price Government Reserve Fund                     | RES                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Government Fund                  | GRI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Short-Term Fund                             | REI                  | Mutual Fund - Series |
|                                             | T. Rowe Price Treasury Reserve Fund                       | GRS                  | Mutual Fund - Series |
| T.Rowe Price Science & Technology Fund, Inc. | STF                                                       | Mutual Fund - Parent |
| T.Rowe Price Short-Term Bond Fund, Inc.          | STB                                                       | Mutual Fund - Parent |
|                                             | T. Rowe Price Ultra Short-Term Bond Fund                  | SBF                  | Mutual Fund - Series |
| T.Rowe Price Small-Cap Stock Fund, Inc.          | SCS                                                       | Mutual Fund - Parent |
| T.Rowe Price Small-Cap Value Fund, Inc.          | SCV                                                       | Mutual Fund - Parent |
| T.Rowe Price State Tax-Free Funds, Inc.          | STT                                                       | Mutual Fund - Parent |
|                                             | T. Rowe Price California Tax-Free Bond Fund               | CAB                  | MutualFund - Series  |
|                                             | T. Rowe Price California Tax-FreeMoney Fund               | CAM                  | Mutual Fund - Series |
|                                             | T. Rowe Price Georgia Tax-Free Bond Fund                  | GAB                  | Mutual Fund - Series |
|                                             | T. Rowe Price Maryland Short-Term Tax-Free Bond Fund      | MDS                  | MutualFund - Series  |
|                                             | T. Rowe Price Maryland Tax-FreeBond Fund                  | MDB                  | Mutual Fund - Series |
|                                             | T. Rowe Price Maryland Tax-Free Money Fund                | MDM                  | MutualFund - Series  |
|                                             | T. Rowe Price New Jersey Tax-FreeBond Fund                | NJB                  | Mutual Fund - Series |
|                                             | T. Rowe Price New York Tax-FreeBond Fund                  | NYB                  | Mutual Fund - Series |

|                                                |                                             |                 |                 |
|-----------------------------------------------------|--------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                             | Reference ID                                     | EntityType           |
|                                                | T. Rowe Price New York Tax-FreeMoney Fund        | NYM                  | Mutual Fund - Series |
|                                                | T. Rowe Price Virginia Tax-Free Bond Fund        | VAB                  | MutualFund - Series  |
| T. Rowe Price Summit Funds, Inc.                    | SIF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Cash Reserves Fund                 | SCR                  | Mutual Fund - Series |
| T.Rowe Price Summit Municipal Funds, Inc.           | SMF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Municipal Income Fund       | SMI                  | MutualFund - Series  |
|                                                | T. Rowe Price Summit MunicipalIntermediate Fund  | SMT                  | Mutual Fund - Series |
|                                                | T. Rowe Price Summit Municipal Money Market Fund | SMM                  | MutualFund - Series  |
| T. Rowe Price Tax-Efficient Funds, Inc.             | TEF                                              | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Efficient Equity Fund          | TMC                  | Mutual Fund - Series |
| T.Rowe Price Tax-Exempt Money Fund, Inc.            | TEM                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free High Yield Fund, Inc.         | TFH                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Income Fund, Inc.             | TFI                                              | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS                                              | Mutual Fund - Parent |
| T.Rowe Price Total Return Fund, Inc.                | TTF                                              | Mutual Fund - Parent |
| T.Rowe Price U.S. Bond Enhanced Index Fund, Inc.    | UBX                                              | Mutual Fund          |
| T.Rowe Price U.S. Large-Cap Core Fund, Inc.         | LCF                                              | Mutual Fund - Parent |
| T.Rowe Price U.S. Treasury Funds, Inc.              | USTF                                             | Mutual Fund - Parent |
|                                                | U.S. Treasury Intermediate Fund                  | USI                  | Mutual Fund - Series |
|                                                | U.S. Treasury Long-Term Fund                     | USL                  | Mutual Fund - Series |
|                                                | U.S. Treasury Money Fund                         | UST                  | Mutual Fund - Series |
| T.Rowe Price Value Fund, Inc.                       | VAL                                              | Mutual Fund - Parent |
| '40 Act Registered Fund of Funds                    |
| T. Rowe Price Retirement Funds,Inc.                 | RDF                                              | Mutual Fund - Parent |

|                    |                                              |       |                 |
|-------------------------|---------------------------------------------------|------------|----------------------|
| Mutual Fund Entity Name | Reference ID                                      | EntityType |
|                    | T. Rowe Price Retirement 2005Fund                 | RPJ        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2010 Fund                | RPA        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2015 Fund                | RPG        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2020 Fund                | RPB        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2025 Fund                | RPH        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2030 Fund                | RPC        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2035 Fund                | RPI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2040 Fund                | RPD        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2045 Fund                | RPK        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2050 Fund                | RPL        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2055 Fund                | RPM        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2060 Fund                | RPN        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Balanced Fund            | RPE        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Income 2020 Fund         | RIB        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2005Fund—I Class  | RBI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2010 Fund—I Class | RCI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2015Fund—I Class  | RDI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2020 Fund—I Class | RFI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2025Fund—I Class  | RGI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2030 Fund—I Class | RHI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2035Fund—I Class  | RII        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2040 Fund—I Class | RJI        | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2045Fund—I Class  | RKI        | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2050 Fund—I Class | RMI        | MutualFund - Series  |
|                    | T.Rowe Price Retirement I 2055 Fund—I Class  | RNI        | Mutual Fund - Series |

|                             |                                                  |                 |                 |
|----------------------------------|-------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name          | Reference ID                                          | EntityType           |
|                             | T. Rowe Price Retirement I 2060Fund—I Class      | ROI                  | Mutual Fund - Series |
|                             | T. Rowe Price Retirement Balanced I Fund—I Class | RQI                  | MutualFund - Series  |
|                             | T. Rowe Price Target 2005 Fund                        | TRA                  | Mutual Fund - Series |
|                             | T.Rowe Price Target 2010 Fund                         | TRB                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2015 Fund                        | TRC                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2020 Fund                        | TRD                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2025 Fund                        | TRE                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2030 Fund                        | TRG                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2035 Fund                        | TRH                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2040 Fund                        | TRJ                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2045 Fund                        | TRL                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2050 Fund                        | TRM                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2055 Fund                        | TRN                  | Mutual Fund - Series |
|                             | T. Rowe Price Target 2060 Fund                        | TRO                  | Mutual Fund - Series |
| T.Rowe Price Spectrum Fund, Inc. | SPC                                                   | Mutual Fund - Parent |
|                             | Spectrum Growth Fund                                  | SPG                  | Mutual Fund - Series |
|                             | Spectrum Income Fund                                  | SPI                  | Mutual Fund - Series |
|                             | SpectrumInternational Fund                            | SPF                  | Mutual Fund - Series |